Reuters - Wholesale inventories surged by the largest amount in two years in July, a government report said on Friday, in a sign firms were anticipating enough demand to boost stock this summer.

AP - Authorities have switched to recovery mode for a missing motorist in Austin while searches have resumed in the San Antonio area for two others swept away in flooding spawned by the remnants of Tropical Storm Hermine.

Reuters - Stocks opened little changed on Friday in what was expected to be another low volume session, with the energy sector leading the way up as crude oil prices jumped.

AP - Weary firefighters hoped the worst was over from a wildfire that destroyed nearly 170 homes in the Rocky Mountains foothills, but crews monitored hot spots Friday amid concerns that erratic winds could fan the flames and send them into Boulder.

AP - Fire crews flooded the ruins of burning homes with water early Friday after a massive explosion apparently triggered by a broken gas line sent flames roaring through a neighborhood near San Francisco, destroying more than 50 houses. There was one confirmed death and reports of several others.

AP - An Iranian news agency says Saturday's planned released of one of three Americans jailed for more than a year is a result of intervention by President Mahmoud Ahmadinejad.

Time.com - President Obama's political machine, Organizing for America, is MIA after two years of neglect

Reuters - U.S. crude rose more than $1 to over $75 on Friday due to the shutdown of a major pipeline, but a leading forecaster said demand would remain tepid.

AP - As thousands of Afghans protested a tiny Florida church's plan to burn the Muslim holy book, the church's pastor said he won't follow through with the burning if he's able to meet Saturday with the organizers behind a mosque planned near ground zero in New York.

AP - As thousands of Afghans protested a tiny Florida church's plan to burn the Muslim holy book, the church's pastor said he won't follow through with the burning if he's able to meet Saturday with the organizers behind a mosque planned near ground zero in New York.

AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.

Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive of Silicon Valley pedigree, to replace its embattled chief executive and renew its drive to compete with Apple.

AP - A federal judge said she will issue an order to halt the military's "don't ask, don't tell" policy, after she declared the ban on openly gay service members unconstitutional.

AP - Minutes after a woman was suspended from her job at a Kraft Foods Inc. plant and was escorted out, she returned with a handgun and opened fire, killing two people and critically injuring a third before being taken into custody, police said.

AP - A federal judge said she will issue an order to halt the military's "don't ask, don't tell" policy, after she declared the ban on openly gay service members unconstitutional.

AP - Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the GOP has backed in the past.

Reuters - Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.

AP - A new mosque recently opened in this well-to-do suburb of Philadelphia, but not many people noticed.

AP - Convicted killer Cal Coburn Brown was executed early Friday by lethal injection for the rape, torture and murder of a Seattle-area woman, after delivering a statement complaining he was treated unfairly by the legal system.

AP - President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.

AP - After three nights of violent protests, calm mainly prevailed over a gritty neighborhood where police fatally shot an illegal immigrant from Guatemala who was menacing officers with a knife.

AFP - US President Barack Obama will Friday step up his mid-term election campaign and appeal to voters dismayed by the stuttering economy with his first White House press conference since May.

AP - Japan's economy isn't quite as weak as first thought, but it still needs help, the government said Friday as it unveiled details of a new $11 billion stimulus package.

AP - A Metrolink commuter train struck and killed two people who may have been sleeping on the tracks and injured a third in Orange County on Thursday, authorities said.

Reuters - President Barack Obama has chosen Austan Goolsbee as the new head of the White House Council of Economic Advisers, U.S. administration officials said on Thursday, promoting a longtime adviser from his inner policy circle.

AP - New England Patriots quarterback Tom Brady was unhurt in a two-vehicle accident near his home Thursday morning before practicing as usual with his team ahead of the season opener and agreeing to a four-year contract extension that, according to two people familiar with it, would make him the NFL's highest-paid player.

AFP - US President Barack Obama has chosen Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors, an official said.

AP - If Rahm Emanuel decides to run for Chicago mayor, the White House chief of staff would easily be the best-known figure in the race, with national name recognition that few others could match and invaluable experience from helping engineer the Democrats' takeover of the House in 2006.

Exclusive to Yahoo! News - Just over two weeks ago, Kenneth Feinberg took over the process for handling damage claims from the Gulf oil spill, pledging to cut down the response time from BP’s widely criticized system to two days for individuals and seven days for businesses that file fully documented claims.

AP - Donald Trump offered Thursday to buy out a major investor in the real estate partnership that controls the site near ground zero where a Muslim group wants to build a 13-story Islamic center and mosque.